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what is this announcement that harry reid will bring to us? he's expected to make one coming up at 9:50. we'll take a quick break. don't go anywhere. you're msnbc, the place for politics. ñññ >>> you can put lipstick on it, a nice suit, even a skirt sometimes, it's still a filibuster. >> that was senate majority leader reid on the senate floor earlier today. senator reid is expected back on that floor coming up here shortly expected to make an announcement about tonight's schedule. earlier minority leader mitch mcconnell and senator reid were engaged in a bitter back and forth and then they have been going through this over the last few days, not just what we saw on the floor. at this hourt, senator conrad confirmed he's trying to work out a bipartisan compromise with reid and mcconnell's offices so the big question will it get done? joining me now is eugene robinson and michael eric dyson and crystal ball. i want to give you forewarning if we to see senator reid come back to the floor we'll jump back to him to hear what he says. he's suppo
what is this announcement that harry reid will bring to us? he's expected to make one coming up at 9:50. we'll take a quick break. don't go anywhere. you're msnbc, the place for politics. ñññ >>> you can put lipstick on it, a nice suit, even a skirt sometimes, it's still a filibuster. >> that was senate majority leader reid on the senate floor earlier today. senator reid is expected back on that floor coming up here shortly expected to make an announcement about tonight's...
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and a test vote on harry reid's plan to fix the problem. house republicans are preparing to symbolically vote down the legislation itself. it's getting heated on capitol hill. take a listen. >> our soldiers in afghanistan repeatedly asked admiral mullen yesterday, will we get paid? will our families get your checks? shame on the republicans for making that happen. in battle, when you accidentally shoot your own, it's called friendly fire. when you deliberately shoot your own it's called fraging. republicans stop fraging the american economy and american people. >> luke russert is live on the capitol hill with the latest. we have the senate and house now working hard what's happening? >> right now as you saw, richard, there is a spirited debate on the house floor about harry reid's bill. speaker boehner taking an interesting step. the house will, in fact, vote down harry reid's proposal to raise the nation's debt limit. interesting because harry reid says it is still not a finished product. speaker boehner and eric cantor taking a symbolic s
and a test vote on harry reid's plan to fix the problem. house republicans are preparing to symbolically vote down the legislation itself. it's getting heated on capitol hill. take a listen. >> our soldiers in afghanistan repeatedly asked admiral mullen yesterday, will we get paid? will our families get your checks? shame on the republicans for making that happen. in battle, when you accidentally shoot your own, it's called friendly fire. when you deliberately shoot your own it's called...
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harry reid disputed that. the boehner proposal is far from bipartisan because of additions made to it at the behest of the tea party freshmen, i.e. the budget balance amendment. at 3:30 you'll probably hear more from democrats. they have a press conference this afternoon, as well. the main story is we are here against the clock. there is no clear path forward. negotiations are supposedly ongoing with harry reid trying to get republican senators onboard. even in a perfect world, if everythi everything, even if is there a compromise tonight, you have that deadline tuesday. we are literally in the same position today we were in earlier this week. >> people don't want to hear that. what about this letter that came out where 43 gop senators signed it but four did not? what's your thought on that? does that show perhaps some compromise is afoot right now in the senate? >> it's interesting three senate republicans said they would not accept leader reid's proposal in its current form. scott brown in massachusetts, sus
harry reid disputed that. the boehner proposal is far from bipartisan because of additions made to it at the behest of the tea party freshmen, i.e. the budget balance amendment. at 3:30 you'll probably hear more from democrats. they have a press conference this afternoon, as well. the main story is we are here against the clock. there is no clear path forward. negotiations are supposedly ongoing with harry reid trying to get republican senators onboard. even in a perfect world, if everythi...
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mitch mcconnell, harry reid. harry reid has just said the boehner plan which now looks like it will have the votes, now that he's tried to get his freshmen into line, that that will pass, most likely, then go to the senate. it will be taken up and it will be defeated. so you've got at least 51 votes plus two independents against it in the senate and possibly some republicans as well. then what happens? is there some combination of harry reid and boehner that is being worked on behind the scenes which takes the budget cuts this all have agreed on, that the biden group was talking about, and tries to move on from there? >> well, there is lots of avenues for agreement. there is -- there aren't that many big differences between the boehner plan and the reid plan other than one critical difference which is under john boehner's plan, we would be right back in this mess right at the holiday season, having this same debate, creating uncertainty in the economy at one of the most critical times for the economy, the holiday
mitch mcconnell, harry reid. harry reid has just said the boehner plan which now looks like it will have the votes, now that he's tried to get his freshmen into line, that that will pass, most likely, then go to the senate. it will be taken up and it will be defeated. so you've got at least 51 votes plus two independents against it in the senate and possibly some republicans as well. then what happens? is there some combination of harry reid and boehner that is being worked on behind the scenes...
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he also met with nancy pelosi and harry reid. and while they're not giving us a real sense of exactly what occurred in those conversations and meetings, we know that one of the topics was those triggers that you just heard luke talk about, really, the sticking point here. how does a bipartisan congressional committee find more deficit reductions in the coming years, what are the triggers or the things that would motivate both parties to do that in the future? so those are really the sticking points right now. and president obama's main thing that he would like to see is this debt ceiling increased through 2013. of course, as speaker boehner with was proposing that we do that in two stages. so these are some of the ideas that are really being bandied about right now. but the white house's main message to congressional leaders and to the public is that we're running out of time. lots going on behind the scenes. but, of course, on friday we had president obama come out and speak to the public and say, look, we need compromise here.
he also met with nancy pelosi and harry reid. and while they're not giving us a real sense of exactly what occurred in those conversations and meetings, we know that one of the topics was those triggers that you just heard luke talk about, really, the sticking point here. how does a bipartisan congressional committee find more deficit reductions in the coming years, what are the triggers or the things that would motivate both parties to do that in the future? so those are really the sticking...
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harry reid submitted his own plan. as of this point he does not have support to get to the magical 60 threshold we hear so much, 60 votes out of 100 in the senate to get it passed out of there, so the key becomes senate republicans. there are furious negotiations going on behind the scenes today as we speak, trying to alter that measure that reid submitted last night in a way to attract at least seven, but hopefully more if you're a democrat, if you're president obama, to the bill so they can get it passed. the first crucial test, tonight in the wee hours or i should say tomorrow morning at 1:00 a.m., sort of a test vote, a procedural vote, in the senate. a best case scenario, this will go right up to the deadline. if they get through the senate, it goes back to the house. another torturous session there. we'll go right to tuesday on this thing, very little doubt about it at this point. >> i'm curious if we're going to see the picture of congressional leaders coming to the white house or conversely, as we've seen in, y
harry reid submitted his own plan. as of this point he does not have support to get to the magical 60 threshold we hear so much, 60 votes out of 100 in the senate to get it passed out of there, so the key becomes senate republicans. there are furious negotiations going on behind the scenes today as we speak, trying to alter that measure that reid submitted last night in a way to attract at least seven, but hopefully more if you're a democrat, if you're president obama, to the bill so they can...
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senate with harry reid, the senate majority leader. then john boehner speaker of the house will have to shepherd that through the house of representatives and no doubt when speaker pelosi was in there meeting with the president they must have been talking about what it would take for her to get her democrats in the house to sign on to whatever bill the senate will negotiate. now it's a numbers game. >> at some point if they have a deal or close to a deal or whatever we'll hear from the president of the u.n.. but as of right now, as of right now we don't have any word of that. let's go the floor right now. i think harry reid the majority leader is speaking. >> announce talks with the president and a bargain to raise the debt ceiling is in the works and is close. mr. president, members of the senate that's not true. i just spent two hours with the president, vice president, leader pelosi. and it's fair for me to say that the engagement there is not in any meaningful way. republican leaders still refuse to negotiate in good faith. revenue
senate with harry reid, the senate majority leader. then john boehner speaker of the house will have to shepherd that through the house of representatives and no doubt when speaker pelosi was in there meeting with the president they must have been talking about what it would take for her to get her democrats in the house to sign on to whatever bill the senate will negotiate. now it's a numbers game. >> at some point if they have a deal or close to a deal or whatever we'll hear from the...
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so all eyes are on senate majority leader harry reid and mitch mcconnell. they were in negotiations yesterday. >> but felicia, if it did go through in phases, where you would have to have the discussion again of raising the debt ceiling again, if the republicans would like that, do they stand to gain by bringing up that discussion as we move into the 2012 election period? >> that's the main question, whether you have a short term debt ceiling raise or a long-term one. the short term one would allow republicans to revisit this next year, and the plus point for them on that side of things is it allows them to continue their message of pushing forward for a balanced budget amendment and allows them to continue their focus on reducing the deficit, which has been a main focal point since last year's election. on the other side for democrats, they're pushing for this beyond the election, you would they would like to move on in terms of messaging, their message of job creation. right now things are stalled here in the senate. the majority leader harry reid said th
so all eyes are on senate majority leader harry reid and mitch mcconnell. they were in negotiations yesterday. >> but felicia, if it did go through in phases, where you would have to have the discussion again of raising the debt ceiling again, if the republicans would like that, do they stand to gain by bringing up that discussion as we move into the 2012 election period? >> that's the main question, whether you have a short term debt ceiling raise or a long-term one. the short term...
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when harry reid said we should be allowed an up or down vote and harry reid and dick durbin and schumer all complaining about a filibuster when they just got ton tabling a bill without a vote the second time they have done it and haven't passed a budget in 8 hyundais won't put their bill on paper seems ironic to me. >> it is disingenuous. it is always a 60 vote threshold and they held republicans to a 60 vote threshold and blocked consideration of the only proposals passed which is the work has been done in the house of representatives by the republicans their cut cap and balance and then, of course, the proposal that passed tonight. so, you know, this is i think very what he is talking about is disingenuous in terms of where we are. >> what is more, mitch mcconnell i'm speaking only behalf of all of the republican senators offered harry reided on the floor tonight right after the vote that they cast to kill the bill that came over to the house. he offered to have a vote immediately. no delay or filibuster. look at the senate floor. there is nobody there occupying the floor. we offered
when harry reid said we should be allowed an up or down vote and harry reid and dick durbin and schumer all complaining about a filibuster when they just got ton tabling a bill without a vote the second time they have done it and haven't passed a budget in 8 hyundais won't put their bill on paper seems ironic to me. >> it is disingenuous. it is always a 60 vote threshold and they held republicans to a 60 vote threshold and blocked consideration of the only proposals passed which is the...
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harry reid can't get the vote. and which raises the question, at one part will they give way to serious considerationso? the administration says they need the credit line. with no end game in clear sight, financial marktss more than nervous. wall street in its worst week in a year. the dow, down 4.2% for the week meaning your 401(k) took a hit. we are waiting for harry reid to say, what next. >> i will be honest with you, john. it doesn't seem like there is a clear path to what is next. senate major leader harry reid has an array of options before him. what we know with pretty much serenity because we have been hearing it from the senate majority leader himself, the bill that just passed the house is dead on arrival. the democrats have support and it will not be going any way. the question, what is next? he has optioned and they did not appear to know what direction they will take. here is why. the real negotiations need to begin now and quickly. they have not been negotiating because it would be really unseemly fo
harry reid can't get the vote. and which raises the question, at one part will they give way to serious considerationso? the administration says they need the credit line. with no end game in clear sight, financial marktss more than nervous. wall street in its worst week in a year. the dow, down 4.2% for the week meaning your 401(k) took a hit. we are waiting for harry reid to say, what next. >> i will be honest with you, john. it doesn't seem like there is a clear path to what is next....
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the fact is mitch has made the request and harry reid has said no. so mitch asked us to say since senator reid said his plan was the only one that could pass both houses of congress he asked us to introduce it in the house and we did it today and it was overwhelmingly defeated in a bipartisan way. this was done, mike, because we know that we are going to have to work in a bipartisan way to address this. 75 times we have seen the debt ceiling increased since 1962. the first time interestingly enough congressman don rumsfeld was there and it was a couple hundred million dollars increase. look at where we are today with a $4.3 trillion national debt. what is it that we are doing for the first time in ever? we are actually focusing on the root cause of the problem. we don't have a debt ceiling problem, what we have is a debt problem and that is why we have to get to the root of it and that is what we are going to do. >> mike: democrats are acuting you of playing -- accusing you of playing political games anded that is why you introduced the bill. it was
the fact is mitch has made the request and harry reid has said no. so mitch asked us to say since senator reid said his plan was the only one that could pass both houses of congress he asked us to introduce it in the house and we did it today and it was overwhelmingly defeated in a bipartisan way. this was done, mike, because we know that we are going to have to work in a bipartisan way to address this. 75 times we have seen the debt ceiling increased since 1962. the first time interestingly...
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this comes from harry reid today. listen to this. >> we should not let these extremists dictate the outcome of this debate the time for ideological extremism should end. and they've got to break away from those extremists. >> neil: what do you think of that? >> i guess someone did a poll and told him he should use the word extreme seven, eight times in every sentence. the problem with that logic that harry reid is discussing is that by his measure, bill clinton was a radical right wing extremist. because clinton, when we were facing sip circumstances, except much less debt, bill clinton embraced the idea of putting up on a path to a balanced budget. the only argument he with republicans is how quickly we could get there. because he and the republicans in congress did work towards a balanced budget they accomplished it. that's why it is so shocking to me that we have an administration, we have democrats, like harry reid, not all democrats, but certainly, senator reid, that are so far outside of the main dream they thin
this comes from harry reid today. listen to this. >> we should not let these extremists dictate the outcome of this debate the time for ideological extremism should end. and they've got to break away from those extremists. >> neil: what do you think of that? >> i guess someone did a poll and told him he should use the word extreme seven, eight times in every sentence. the problem with that logic that harry reid is discussing is that by his measure, bill clinton was a radical...
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you heard harry reid say the deal is being negotiated at the white house. if the democrats have to vote on cuts to entitlement programs, you and david were talking about this -- they're already on the record as opposing any sort of dramatic change to medicare and social security. when they voted against that ryan plan, which would have been a dramatic overhaul of the medicare program. even though the president, the top democrat in our country, has already put it on the table publicly talking about reduced cost of living adjustments and social security in the run up to this and reduction in medicare benefits, possibly raising retirement age and some other adjustments to strengthen those programs, they're already on record against that in voting against the ryan plan. you take away all their cover if this is what comes out of this super committee, especially if it is due to the fact that republicans are unwilling to raise taxes. those bush tax cuts, this does not touch them. correct me if i'm wrong, chief white house correspondent, but as far as i know this d
you heard harry reid say the deal is being negotiated at the white house. if the democrats have to vote on cuts to entitlement programs, you and david were talking about this -- they're already on the record as opposing any sort of dramatic change to medicare and social security. when they voted against that ryan plan, which would have been a dramatic overhaul of the medicare program. even though the president, the top democrat in our country, has already put it on the table publicly talking...
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when harry reid said we should be allowed an up or down vote and harry reid and dick durbin and schumer all complaining about a filibuster when they just got ton tabling a bill without a vote the second time they have done it and haven't passed a budget in 8 hyundais won't put their bill on paper seems ironic to me. >> it is disingenuous. it is always a 60 vote threshold and they held republicans to a 60 vote threshold and blocked consideration of the only proposals passed which is the work has been done in the house of representatives by the republicans their cut cap and balance and then, of course, the proposal that passed tonight. so, you know, this is i think very what he is talking about is disingenuous in terms of where we are. >> what is more, mitch mcconnell i'm speaking only behalf of all of the republican senators offered harry reided on the floor tonight right after the vote that they cast to kill the bill that came over to the house. he offered to have a vote immediately. no delay or filibuster. look at the senate floor. there is nobody there occupying the floor. we offered
when harry reid said we should be allowed an up or down vote and harry reid and dick durbin and schumer all complaining about a filibuster when they just got ton tabling a bill without a vote the second time they have done it and haven't passed a budget in 8 hyundais won't put their bill on paper seems ironic to me. >> it is disingenuous. it is always a 60 vote threshold and they held republicans to a 60 vote threshold and blocked consideration of the only proposals passed which is the...
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when harry reid said we should be allowed an up or down vote and harry reid and dick durbin and schumer all complaining about a filibuster when they just got ton tabling a bill without a vote the second time they have done it and haven't passed a budget in 8 hyundais won't put their bill on paper seems ironic to me. >> it is disingenuous. it is always a 60 vote threshold and they held republicans to a 60 vote threshold and blocked consideration of the only proposals passed which is the work has been done in the house of representatives by the republicans their cut cap and balance and then, of course, the proposal that passed tonight. so, you know, this is i think very what he is talking about is disingenuous in terms of where we are. >> what is more, mitch mcconnell i'm speaking only behalf of all of the republican senators offered harry reided on the floor tonight right after the vote that they cast to kill the bill that came over to the house. he offered to have a vote immediately. no delay or filibuster. look at the senate floor. there is nobody there occupying the floor. we offered
when harry reid said we should be allowed an up or down vote and harry reid and dick durbin and schumer all complaining about a filibuster when they just got ton tabling a bill without a vote the second time they have done it and haven't passed a budget in 8 hyundais won't put their bill on paper seems ironic to me. >> it is disingenuous. it is always a 60 vote threshold and they held republicans to a 60 vote threshold and blocked consideration of the only proposals passed which is the...
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you heard what senator harry reid had to say. earlier today the majority leader mitch mcconnell read a letter signed by 43 republicans including you pledging to oppose reid's bill. has anything changed your mind in the hours leading up to the vote on it and listening to him moments ago? >> not at all. think the reason he pulled that down is that there are 43 committed against his proposal. however, i think what he's saying is that he hopes that we can start having a vote on something that is an agreement between both the white house and congress, both sides of the rotunda, and he wants to not have a repudiation of his proposal and instead go on to one that might have a chance to pass. >> okay. okay. let's talk about this. today "the new york times," senator, put you on a list of republicans most likely to approve a compromise bill. you have been vocal about the need to compromise. here's what you said on the senate floor on thursday. >> the senate majority leader and the house speaker have put forward plans. i believe that we mus
you heard what senator harry reid had to say. earlier today the majority leader mitch mcconnell read a letter signed by 43 republicans including you pledging to oppose reid's bill. has anything changed your mind in the hours leading up to the vote on it and listening to him moments ago? >> not at all. think the reason he pulled that down is that there are 43 committed against his proposal. however, i think what he's saying is that he hopes that we can start having a vote on something that...
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that's what harry reid's bill does. it hits the $2.4 trillion in deficit reduction our republican colleagues said they want. it lifts the cloud over the economy so we're not in the same fix six months down the road and protects medicare and social security. may believe our colleagues don't appreciate that, but that's an important part from the democratic perspective. >> so if the bill makes it to the house, do you think here, congressman, there might be a possibility, do you see this as a possibility that speaker boehner might reach out to you and others? >> well, i would certainly hope so. i hope that we would be willing in the interest of the country and of our economy to reach across the aisle, because the proposal that he put on the floor the other day didn't get a single democratic vote. that's because it was so extreme, so far to the right. again, a part of their plan to end the medicare guaranty, slash medicaid, slash education, and yet protect the special interest tax breaks for oil companies and corporate jets.
that's what harry reid's bill does. it hits the $2.4 trillion in deficit reduction our republican colleagues said they want. it lifts the cloud over the economy so we're not in the same fix six months down the road and protects medicare and social security. may believe our colleagues don't appreciate that, but that's an important part from the democratic perspective. >> so if the bill makes it to the house, do you think here, congressman, there might be a possibility, do you see this as a...
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that harry reid hasn't sent over to the house. but it was a proposal he cooked up that was not passed by the senate and it is the reid bill it is from the republican congressman from california . this is elements of what harry reid put together. it is tit for tat. >> house passed the bill and reid killed it and they will kill what reid proposed. >> they are voting on a shell bill. >> like what you are doing atime. >> and there is no way it will pass. they are doing it under suspension of the rules. meaning you need a super majority to pass it. this is no way it will get that. a lot of democrats don't like the proposal. >> where is this going? >> what is interesting is that the house and senate are talking past one another and not closer to forging a deal. the last hope is harry reid trying to get seven or eight republican senators involved. lisa murkowski of alaska and get them to sign on to a package and send it back to the house. john boehner has a deep problem in the house. they could lose 23 republicans before they needed to r
that harry reid hasn't sent over to the house. but it was a proposal he cooked up that was not passed by the senate and it is the reid bill it is from the republican congressman from california . this is elements of what harry reid put together. it is tit for tat. >> house passed the bill and reid killed it and they will kill what reid proposed. >> they are voting on a shell bill. >> like what you are doing atime. >> and there is no way it will pass. they are doing it...
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reid plan and the president has de facto backed the plan and the harry reid plan is the only one that can pass the senate, so the onus is on john boehner the educate the caucus they will not be able to impose tea party doctrine on america with the debt ceiling. >> good look with that joy-ann. you run thegrio.com, and what are the users of the website and you have thousands of people who are members, what are they saying about what is going on in washington? >> well, a sense of complete frustration, and most people have not heard of the debt ceiling, because it passes without comment, and people are stunned it is this far. but i will tell you that there are a lot of our raders who believe that president obama is uniquely being targeted for just almost insane opposition to anything he does, anything he says. >> and that is because -- >> well, a component of it because he is a democrat and always the reaction it happened to bill clinton as well. and the other part is that the tea party has decided they dislike this person and the person of barack obama is so offensive that anything he ge
reid plan and the president has de facto backed the plan and the harry reid plan is the only one that can pass the senate, so the onus is on john boehner the educate the caucus they will not be able to impose tea party doctrine on america with the debt ceiling. >> good look with that joy-ann. you run thegrio.com, and what are the users of the website and you have thousands of people who are members, what are they saying about what is going on in washington? >> well, a sense of...
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. >> to capitol hill now, senate majority leader harry reid in the room. let's take the full screen and see if the expectation is that he will be speaking. let's check in with kate bolduan on capitol hill as well to give us an idea of what is taking place right now. we know that senators mitch mcconnell had a lot to say. so did patrick leahy moments ago as well dick durbin. we have been hearing from all of them who have been debating this whole issue of trying to reach some compromise as the sparring continues, kate. while we wait for harry reid to speak, give us an idea of what is taking place. where are we as it pertains to these proposals? >> reporter: we're tracking a couple of things at this very moment, fredricka. one thing we're watching, we're waiting to hear from harry reid, who will be integral in reaching whatever compromise if there is a compromise, to be reached, he'll be integral in being part of those negotiations on the part of democrats here in congress. i think he's actually speaking, fredric fredricka. let's listen in for a second. >> be
. >> to capitol hill now, senate majority leader harry reid in the room. let's take the full screen and see if the expectation is that he will be speaking. let's check in with kate bolduan on capitol hill as well to give us an idea of what is taking place right now. we know that senators mitch mcconnell had a lot to say. so did patrick leahy moments ago as well dick durbin. we have been hearing from all of them who have been debating this whole issue of trying to reach some compromise as...
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you saw the market react negatively when harry reid had his press conference. basically throwing in the towel on the revenue side and leaves one key part of the debate to be if this is short-term or long-term fix here. the markets would like to see something long-term, because the last thing that the markets want is to face this several months again from now or next year and to try to get inside of the mind of the market which is impossible to do, but i would say long-term comprehensive deal is better than a short-term fix. >> thank you, liz ann. >>> for more on the stalemate, we are joined by justin phillips of the tea party. how are you? >> extremely well, martin. >> do you believe that the expert opinion of the economists around the world who say that if the debt limit is not raised and soon, it will be catastrophic for the american economy? >> the debt ceiling, if it is -- >> do you believe their view, sir? >> the it may or may not be raised, but i will tell you that what i do believe is as you have pointed out a moment ago greece's economy is in a death sp
you saw the market react negatively when harry reid had his press conference. basically throwing in the towel on the revenue side and leaves one key part of the debate to be if this is short-term or long-term fix here. the markets would like to see something long-term, because the last thing that the markets want is to face this several months again from now or next year and to try to get inside of the mind of the market which is impossible to do, but i would say long-term comprehensive deal is...
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but a lot of people in this town can never say yes. >> now it's senator harry reid's turn. will his solution win bipartisan support? this as the deadline looms after a brutal week for the markets with increased pressure from wall street to produce an agreement before monday's opening bell. plus, what this crisis means for funding troops in afghanistan. this morning many soldiers are asking, will we get paid? >>> good morning, everyone, i'm alex witt. welcome to msnbc saturday. we're approaching 10:00 a.m. on the east coast, 7:00 a.m. out west. congress has set itself up for a day of infighting today as the debt deadline draws dangerously close. the senate will start its session at 1:00 p.m. eastern and it's planning to debate a debt bill for at least 12 hours before holding a t
but a lot of people in this town can never say yes. >> now it's senator harry reid's turn. will his solution win bipartisan support? this as the deadline looms after a brutal week for the markets with increased pressure from wall street to produce an agreement before monday's opening bell. plus, what this crisis means for funding troops in afghanistan. this morning many soldiers are asking, will we get paid? >>> good morning, everyone, i'm alex witt. welcome to msnbc saturday....
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harry reid's plan would cut about $2.7 trillion. just because it is bigger than speaker boehner's plan is really the reason the boehner plan may trigger a downgrade. as we indicated, some investors, and this is a very subjective view of what would happen. think you could see the increase of a quarter percent to a half percent. if you remember, a year ago, when california had to issue those ious, california' rates go up half a percent to a percent. that a big increase and that happened even when they stopped paying the ious and stopped paying cash again. the long term implications stay with us even if the downgrade is very short. >> that translates into real money when all is that and done. glory yark you're getting more information on what we might be hearing. >> one of the interesting things coming from the administration to erin's point, they believe there is a possibility of a downgrade. not only because boehner's plan doesn't have as much deficit reduction about it means you have to come back again to this same debate six months
harry reid's plan would cut about $2.7 trillion. just because it is bigger than speaker boehner's plan is really the reason the boehner plan may trigger a downgrade. as we indicated, some investors, and this is a very subjective view of what would happen. think you could see the increase of a quarter percent to a half percent. if you remember, a year ago, when california had to issue those ious, california' rates go up half a percent to a percent. that a big increase and that happened even when...
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it, see, harry reid's bill couldn't get through. reid's not ready to give up on his bill. he's not ready, because reid believes and democrats believe they could if they really wanted to, basically claw out three more republicans with a couple changes to his bill. and get this through in a way that would be very ugly, probably 0, 61 votes at best, to bring the filibuster, at least read believes he could still do this. mcconnell people feel confident they could kill it, they believe they could kill it right now, reid wants to keep as much time open, as it stands now, the -- reid is planning for a 1:00 a.m. vote, just after midnight tonight, 1:00 in the morning, as soon as the normal senate rules apply, mcconnell's saying hey, let's have it now, mcconnell wants to send a message, reid couldn't pass either and try to put more pressure on cutting the deal. that's what this game has been the last 48 hours, thomas. it's been this contest for leverage. democrats want to believe they have the leverage right now, because boehner couldn't get
it, see, harry reid's bill couldn't get through. reid's not ready to give up on his bill. he's not ready, because reid believes and democrats believe they could if they really wanted to, basically claw out three more republicans with a couple changes to his bill. and get this through in a way that would be very ugly, probably 0, 61 votes at best, to bring the filibuster, at least read believes he could still do this. mcconnell people feel confident they could kill it, they believe they could...
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harry reid is a fine man. he loves this country. and i am asking everybody to -- all senators, congressmen, representatives, before you vote, just take a few minutes. get the bible out and turn to the book of revelations. all the answers are right there. the have been there for thousands of years. host: an optimistic note this morning. we have a call on our independent line. what is the way forward here now that the bill has sold in the house? caller: the way forward this -- i believe the republicans just have to stand firm, get the democrats to quit spending. we have got to cut the debt. we cannot borrow 40 two cents on every dollar. i am still waiting for the transparency that our president promised us in the election. i have seen no negotiations. and no plan from him. i think we have got to get the government to quit spending money, cut taxes, and let the economy grow. host: the hill is reported to have one, lawmakers said the bad economic news as stocks plunged further. house lawmakers struggling to reach a deal on raising the d
harry reid is a fine man. he loves this country. and i am asking everybody to -- all senators, congressmen, representatives, before you vote, just take a few minutes. get the bible out and turn to the book of revelations. all the answers are right there. the have been there for thousands of years. host: an optimistic note this morning. we have a call on our independent line. what is the way forward here now that the bill has sold in the house? caller: the way forward this -- i believe the...
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reid -- i mean the vote going down and harry reid voting no for obvious procedural reasons. joe manchin and others are simply voting against the replan because for obvious reasons. >> mike viqueira, we'll check back in with you later. luke russert, thank you both. >>> there are still plenty of details to be work out before the nation can breathe a sigh of relief as to what this debt ceiling is going to do and the whole economy and all of that rig ma roll. but right now i am joined now by republican senator john barrasso on where republicans are on this. senator barrasso, thanks for being on right now. so it does seem as if republicans are pretty happy with what they are hearing. what is the holdup in the deal that you -- that you understand? >> as mitch mcconnell said earlier today on nbc, one of the morning shows, that, look, we're close, we're not there yet. we're still working out the details and that's what's going on now. i just came to the senate floor where harry reid's bill was defeated overwhelmingly and in a bipartisan way so he clearly didn't have the votes. repub
reid -- i mean the vote going down and harry reid voting no for obvious procedural reasons. joe manchin and others are simply voting against the replan because for obvious reasons. >> mike viqueira, we'll check back in with you later. luke russert, thank you both. >>> there are still plenty of details to be work out before the nation can breathe a sigh of relief as to what this debt ceiling is going to do and the whole economy and all of that rig ma roll. but right now i am...
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martha: there is senator harry reid and moments ago while we were talking to senator kyl, harry reid said the boehner plan is flawed. we don't know how much we can read into that this hour. senator speak on the floor. bill: all the sharks are out on the hilda. they are lean, they are mean, they are eat magazines and they are coming in -- they are eating machines and they are coming into your homes this weekend. the discovery channel bringing us as close as we wants to get to the great white. >> curly stops feeding and heads right for the cage. she attacks the orange buoys, the only thing keeping the cage from plummeting to the bottom with gregg and nick inside. then sheep gets trapped on top. 2 tons of great white breaks one of the bars and springs the door open. gregg struggles to choice. curly slams down on the weakened cage again and again. bill: and again. jeff, nice to see you. i think this is amazing stuff to watch. i have grown up with a phobia of sharks. and i think it's because when you get into that water -- what you can't see you have no control over and that's where the p
martha: there is senator harry reid and moments ago while we were talking to senator kyl, harry reid said the boehner plan is flawed. we don't know how much we can read into that this hour. senator speak on the floor. bill: all the sharks are out on the hilda. they are lean, they are mean, they are eat magazines and they are coming in -- they are eating machines and they are coming into your homes this weekend. the discovery channel bringing us as close as we wants to get to the great white....
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harry reid is frustrated. nancy pelosi who is not involved in the shut down talks this year not playing big role here. and people are getting jealous that the president is meeting with john boehner and on republican side a lot of the tea party guys are not trusting john boehner, they are skeptical that he is going to blink and both the left and the right are so entrenched here and i don't know how someone is not going to be badly politically damaged with whatever tell they come up with and, again, why see the votes at this time. how do they get there? john boehner has called this a rubic's cube. it is difficult to get a solution. >>neil: but they are aware of the deadlines and this is the day that the administration argued you had to get the agreement in place so you could avoid the august 2nd potential default and by that we just mean that you hit up against the limit and it doesn't mean that a downgrade, per se, or that we go and solve it, there is a higher risk of that. we will play that out. we hit that de
harry reid is frustrated. nancy pelosi who is not involved in the shut down talks this year not playing big role here. and people are getting jealous that the president is meeting with john boehner and on republican side a lot of the tea party guys are not trusting john boehner, they are skeptical that he is going to blink and both the left and the right are so entrenched here and i don't know how someone is not going to be badly politically damaged with whatever tell they come up with and,...
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he is harry reid to bring it for . we are waiting right now until 1:00 tomorrow morning and the fact it, mitch made the request and harry reid said no. mitch asked us to say since senator reid said his plan was the only one to pass . he asked us to introduce it in the house and it was overwhelmingly defeat in a bis partisan way. we know we have to work in a way to address this. there are 75 times we have seen the debt ceiling increased since 1962. don rumsfeld was with the first one and he's talking about this on his book tour and look at where we are 14.3 trillion dollar national debt. what are we doing the first time. we are focusing on the root cause of the problem. we don't have a debt ceiling problem. we have a debt problem. that's what we are going to do to get to to the root. >> mike: congressman, this is a bigger issue over the long haul. demdeps accuse you of playing games. but your point is, it was reid who said he had the only bill that could pass the house. you proved it can't pass the house. what is the me
he is harry reid to bring it for . we are waiting right now until 1:00 tomorrow morning and the fact it, mitch made the request and harry reid said no. mitch asked us to say since senator reid said his plan was the only one to pass . he asked us to introduce it in the house and it was overwhelmingly defeat in a bis partisan way. we know we have to work in a way to address this. there are 75 times we have seen the debt ceiling increased since 1962. don rumsfeld was with the first one and he's...
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harry reid who are pushing dueling plans to solve the crisis as the clock ticks towards zero. reid's plan increases the debt ceiling through 2012, ensuring this thorny issue will not enter tear with the president's campaign for rephrbgs. the plan slashes one trillion from the budget this morning he warnedgft>Ñ fellow republicas to get your ass in line and rally behind this bill. in typical fashion the threatened the boehner bill with a veto and senate democrats have sent a letter to the speaker informing them that no senate democrats will vote in favor of his plan. the greatest threat to the boehner bill may not come from democrats, but the tea party, which is refusinging to back it. my next guest senator mccain came out swinging today against the tea party stance reading from a wall street journal editorial on the senate floor. >> the idea seems to be that if the house gop refuses to raise the debt ceiling, a default crisis or gradual government shutdown will ensue and the public will turn en masse against barack obama. republican house failed to raise the debt ceiling which
harry reid who are pushing dueling plans to solve the crisis as the clock ticks towards zero. reid's plan increases the debt ceiling through 2012, ensuring this thorny issue will not enter tear with the president's campaign for rephrbgs. the plan slashes one trillion from the budget this morning he warnedgft>Ñ fellow republicas to get your ass in line and rally behind this bill. in typical fashion the threatened the boehner bill with a veto and senate democrats have sent a letter to the...
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the house has sent this bill over, harry reid is trying to take quick action on it. i just got word on my blackberry harry reid is trying to schedule votes to get through this. can you tell us what the state of play is in the senate right now. >> the vote has just started on the move to end the boehner proposal in the senate and the boehner proposal will lose. i mean, it never had any prospects in the senate, which the speaker certainly knew. perhaps more extraordinary, lawrence, the minority leader just told the majority leader that he will not negotiate with him. that is really quite extraordinary. the republican leader, mcconnell, has told the majority leader reid that he will not negotiate with him. he'll only negotiate with the president. i've been here 25 years, i have never heard anything like that. lawrence, you were here in a key staff position on the key committee in the united states senate. i don't know if you have ever heard in all of your time in the senate a minority leader tell the majority leader that he will not negotiate with him. he then, the repu
the house has sent this bill over, harry reid is trying to take quick action on it. i just got word on my blackberry harry reid is trying to schedule votes to get through this. can you tell us what the state of play is in the senate right now. >> the vote has just started on the move to end the boehner proposal in the senate and the boehner proposal will lose. i mean, it never had any prospects in the senate, which the speaker certainly knew. perhaps more extraordinary, lawrence, the...
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we are going to senator harry reid now. >> mr. speaker, there are negotiations going on right now at the white house about negotiations of the debt ceiling of the white house, and there are many elements to be finalize and still a distance to tgo before any arrangement can be completed, but we need to give everyone as much room to do their work. i have spoken to the white house quite a few times this evening, and they have asked me to give everyone as much time as possible to reach an agreement if one can be reached. for that reason we will hold over the vote until tomorrow at noon when we can talk and we will come in tomorrow at noon at 12:00, and i am glad to hear this cooperation and compromise and hope it bears fruit. i hope that we can adopt a long-term approach rather than the band-aid approach of the house of representatives will be reached. i am confident that reasonable people from both parties should be able to reach an agreement. i believe that we should give them time to do. so mr. president, i ask unanimous consent cl
we are going to senator harry reid now. >> mr. speaker, there are negotiations going on right now at the white house about negotiations of the debt ceiling of the white house, and there are many elements to be finalize and still a distance to tgo before any arrangement can be completed, but we need to give everyone as much room to do their work. i have spoken to the white house quite a few times this evening, and they have asked me to give everyone as much time as possible to reach an...
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harry reid's proposal needs 60 votes right now in order to avoid that filibuster. doesn't look like they're going to get the 60 votes. having said that, it will still enable this process to go forward. i think they're still wrapping up but let's listen. >> mr. reid of nevada. aye. >> mr. schumer. mr. schumer. aye. >> all right. so they're just wrapping up the roll call right now. they're getting ready to move on to the next process. as we await this roll call, i don't think they'll break the filibuster, but they'll have the structure in hand, the negotiations continuing. you heard mitch mcconnell. he told you not only is he speaking with the vice president, former senator joe biden, also speaking with the president, former senator barack obama. they're having a good conversation. he told you, i like these guys. he was very upbeat, very positive. >> well, they're listening to him, wolf, which is why he likes them. he doesn't like them so much when they're not listening to them. >> he seems to like biden and the president more than he likes harry reid. >> i think mit
harry reid's proposal needs 60 votes right now in order to avoid that filibuster. doesn't look like they're going to get the 60 votes. having said that, it will still enable this process to go forward. i think they're still wrapping up but let's listen. >> mr. reid of nevada. aye. >> mr. schumer. mr. schumer. aye. >> all right. so they're just wrapping up the roll call right now. they're getting ready to move on to the next process. as we await this roll call, i don't think...
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the second option is to go with harry reid's plan. harry reid's plan is giving the president a blank cheque. giving him a blind increase of the debt ceiling to spend money the way he wants. the fact is, it is his spending and the promotion of his policies that have recollectioned economy. what we -- have wrecked this when. what we say let's go about making sure dollar for dollar increase the debt limit only if you got commensurate cuts to go along with that. because the democrats will not agree with enough cuts to give the president all that he wants, because they want to raise taxes with those cuts. we've agreed to a 1.2 trillion increase, cuts to afford a 900 billion dollar increase. what our plan does it forces the president back to the table. kicking and screaming about taxes and spending in an election year which he does not want to do. that's the essence of the president's position. he doesn't want to mess with it while running for reelection. >> greta: the operative word is question -- is when we. if you have this tea party con
the second option is to go with harry reid's plan. harry reid's plan is giving the president a blank cheque. giving him a blind increase of the debt ceiling to spend money the way he wants. the fact is, it is his spending and the promotion of his policies that have recollectioned economy. what we -- have wrecked this when. what we say let's go about making sure dollar for dollar increase the debt limit only if you got commensurate cuts to go along with that. because the democrats will not agree...
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it would be news if he swung even harder behind harry reid's plan. but the president benefits from congress hashing this out and making the sausage while he's in the other room ready to serve it later. he really does. the president got nowhere. the president also polarizes whenever he enters a situation. this was a problem with health care. this is -- it didn't work so well with that. but whenever the president got behind any plan fully, that would make it tougher for it to eventually pass the house. i think he's going to lead from behind again. to use the phrase that one of his advisers used describing foreign policy. look, the best situation for them is almost what's happening right now, where republicans don't quite have the votes to do something on their own. democrats can save the day later on. it's easier for him to do that if it looks like they're negotiating this on their own and he will eventually sign the deal they come up with. >> one of the things we've been watching very closely, especially, dave, after the worse-than-expected gdp number
it would be news if he swung even harder behind harry reid's plan. but the president benefits from congress hashing this out and making the sausage while he's in the other room ready to serve it later. he really does. the president got nowhere. the president also polarizes whenever he enters a situation. this was a problem with health care. this is -- it didn't work so well with that. but whenever the president got behind any plan fully, that would make it tougher for it to eventually pass the...
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we're waiting to hear from harry reid. let me show you the shot on capitol hill expecting him to come out in the senate and to address reporters on what the next step is on his plan about collie tur in the senate. in the meantime, we're asking the president who's insisting on any solution at this point, it must be bipartisan. my big question today, have we reached a point in american politics where a bipartisan solution is just a pipe dream? it seems like we're getting to that point. a lot of frustration from capitol hill. here's the way you reach me, facebook, twitter on email. okay, so right now there's no path to a deal. time's running short. the president has urged both sides to get together. get a deal that he can sign. >> there are plenty of ways out of this mess. but we are almost out of time. we need to reach a compromise by tuesday so that our country will have the ability to pay its bills on time. >> senator ben carden is a democrat from maryland, a member of the budget and finance committee. senate, good to see
we're waiting to hear from harry reid. let me show you the shot on capitol hill expecting him to come out in the senate and to address reporters on what the next step is on his plan about collie tur in the senate. in the meantime, we're asking the president who's insisting on any solution at this point, it must be bipartisan. my big question today, have we reached a point in american politics where a bipartisan solution is just a pipe dream? it seems like we're getting to that point. a lot of...
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, he said, did harry reid just say it was his bill or default? that's irresponsible. a little bit of the finger-pointing and name calling. we're now actually going to go back to the senate floor. mitch mcconnell speaking now. the man who may hold the key to finishing this deal. >> the treasury said we'll be in a default situation, and the president of the united states is rolling out new mileage standards today. how about this? how about a plan from democrats in washington that can pass both chambers, prevent the crisis, and protect americans from a worsening economy? i would suggest to my friends on the other side this morning, they start taking their responsibilities as a majority party a little more seriously. because at this point, the only people who are disregarding the consequences of default are senate democrats, not the republicans in the house, but senate democrats. republicans have been doing the hard work of governing this week. it's about time our democratic friends joined us. mr. president, i yield the floor. >> president? mr. presi
, he said, did harry reid just say it was his bill or default? that's irresponsible. a little bit of the finger-pointing and name calling. we're now actually going to go back to the senate floor. mitch mcconnell speaking now. the man who may hold the key to finishing this deal. >> the treasury said we'll be in a default situation, and the president of the united states is rolling out new mileage standards today. how about this? how about a plan from democrats in washington that can pass...
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the sense that harry reid can deliver. he sees that the president of the united states can deliver if he wants to, and -- and look, at this stage, we've now heard from harry reid saying they're no closer to a deal. we've hear from mitch mcconnell saying we are closer to a deal. who haven't we heard from? we haven't heard from the white house, the president or vice president or any of their top aides. at least on this day except for the president's radio and internet address which he taped earlier, that was basically a reiteration of what he said the day before. we'll hear tomorrow some of the president's aides are going out on some of the sunday morning shows, i know gene spurling is going to be on "state of the union" tomorrow morning with gloria borger. we'll hear what they have to say. so far it's weird in the sense that the white house is being at this critical moment in these negotiations thunderously silent, and we don't really understand, you know, what's going on. my own sense is they're moving in the right directi
the sense that harry reid can deliver. he sees that the president of the united states can deliver if he wants to, and -- and look, at this stage, we've now heard from harry reid saying they're no closer to a deal. we've hear from mitch mcconnell saying we are closer to a deal. who haven't we heard from? we haven't heard from the white house, the president or vice president or any of their top aides. at least on this day except for the president's radio and internet address which he taped...
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expanded harry reid plan can begin to be seen in both houses? i'm not clear what the road map is. >> you know, it's -- i don't think we have a precise road map at this moment. i think it is very clear that leader reid has got the guts of what can ultimately get across the finish line here. that is over $2 trillion of savings now with a process to get us much more. 'cause at the end of the day this cannot just be about extending the debt limit. we've got to fundamentally deal with the debt of the united states. and these smaller packages are not going to solve that problem. >> senator, just briefly you've been one of the real hawks against budget gimmicks. a lot of people criticize harry reid's plan because they say these defense savings r.n. real. >> no. let's be clear. o and b and cbo score those savings as real. on the other hand, all of the bipartisan groups that have put together packages have not counted overseas contingency operations or war costs as part of savings on the theory that no budget is going to determine what you actually spend
expanded harry reid plan can begin to be seen in both houses? i'm not clear what the road map is. >> you know, it's -- i don't think we have a precise road map at this moment. i think it is very clear that leader reid has got the guts of what can ultimately get across the finish line here. that is over $2 trillion of savings now with a process to get us much more. 'cause at the end of the day this cannot just be about extending the debt limit. we've got to fundamentally deal with the debt...
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harry reid? >> listen to my point. >> okay. >> when the senate did not address raising the debt limit at the end of last year harry reid said, no, after the election, we'll leave that to the republicans to handle that next year. he passed the buck at that moment. he did not take the leadership responsibility -- >> who dropped it, then? >> look, ron -- you can cut this any way you want, bro, the bottom line, democrats controlled the senate and the house and the white house up until election night, up until january when the new republican -- >> who controls the house now? and where does the legislation originate? >> and b reeshgs refused to extend the debt limit when he had an opportunity to do it. don't start blaming -- >> blame other people all you want. i think the american people know better. >> don't step away from the facts and the read reality how we got here. >> the public needs re-educated constantly. never news worthy. this debt creeling is news woirnlg, as ron said, the conservatives wan
harry reid? >> listen to my point. >> okay. >> when the senate did not address raising the debt limit at the end of last year harry reid said, no, after the election, we'll leave that to the republicans to handle that next year. he passed the buck at that moment. he did not take the leadership responsibility -- >> who dropped it, then? >> look, ron -- you can cut this any way you want, bro, the bottom line, democrats controlled the senate and the house and the...
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harry reid speaking. or he was speaking and now he is not speaking. well, they are deliberating on whether they should consider this bill or not consider the bill. and we'll, you know, we will join it as harry reid comes back. and, james rosen is with us. of course, washington correspondent capitol hill. the man who knows everything that's going on. ed henry is going to join us in just a moment from the white house. james, harry reid gets up there just moments ago, and he moves to introduce the boehner bill which is really to chevrolet the boehner bill, what's happening? >> use the boehner bill as a shell often legislation severine parliamentary pristles to move it quickly. take that bill, gut it and put in the guts of their own bill and, of course, we know how things will go from there? >> laura: before we go to ed, tell us about this big balanced budget amendment added after all this tea party pressure. added this to the final boehner bill, passed with still a squeaker vote what does that actually mean. >> 6:30 tonight eastern time, the second boehn
harry reid speaking. or he was speaking and now he is not speaking. well, they are deliberating on whether they should consider this bill or not consider the bill. and we'll, you know, we will join it as harry reid comes back. and, james rosen is with us. of course, washington correspondent capitol hill. the man who knows everything that's going on. ed henry is going to join us in just a moment from the white house. james, harry reid gets up there just moments ago, and he moves to introduce the...
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Jul 30, 2011
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but harry reid's strategy will try to be and convince eight to ten, 12 republican senators to come on board with his compromise. he'll put a sweetener in there for them to try to say, look, come over to our side, let's pass this through the united states senate and send it over to the house. the problem is the clock becomes a main issue. in order to go by the procedures, you'll see the 1:00 a.m. test vote, that could be pushed back to tomorrow if negotiations are ongoing between reid and mcconnell. but unless they agree to expedite the process, the earliest the house could see this is possibly tuesday morning, tuesday afternoon. you saw how difficult it was for speaker john boehner to get a bill out of the house that just had republican support. any compromise bill that reid sends over there, even if republicans back it in the united states senate is expected i've heard from the gop aide to lose 100 to 140 republicans, maybe even more than that. you could see a scenario where on tuesday night john boehner receives a compromise bill from the united states senate and he's going to have
but harry reid's strategy will try to be and convince eight to ten, 12 republican senators to come on board with his compromise. he'll put a sweetener in there for them to try to say, look, come over to our side, let's pass this through the united states senate and send it over to the house. the problem is the clock becomes a main issue. in order to go by the procedures, you'll see the 1:00 a.m. test vote, that could be pushed back to tomorrow if negotiations are ongoing between reid and...
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just as senate majority leader harry reid had promised. the boehner bill was killed within minutes of arrive no contest the senate chamber. the senate tabled it by a vote of 59-41. but just before arriving in the senate the debt ceiling bill had passed the house and it was a squeaker for the speaker but he did get the votes. here is what the very fired up speaker said to get the votes in the house of representatives. >> this will be the seconded bill we sent over to the senate and yet not one lease of legislation out of the senate has passed that deals with this crisis. and my colleagues i can tell you that i have worked with the president and the administration since the beginning of this year to avoid being in this spot. i have offered ideas. i have negotiated. not one time, not one time did the administration ever put any plan on the table. all they would do was criticize what i put out there. i stuck my neck out a mile to try to get an agreement with the president of the united states. i stuck my neck out a mile. i put revenues on the
just as senate majority leader harry reid had promised. the boehner bill was killed within minutes of arrive no contest the senate chamber. the senate tabled it by a vote of 59-41. but just before arriving in the senate the debt ceiling bill had passed the house and it was a squeaker for the speaker but he did get the votes. here is what the very fired up speaker said to get the votes in the house of representatives. >> this will be the seconded bill we sent over to the senate and yet not...
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Jul 27, 2011
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harry reid is watching this play out. mitch mcconnell believes there has to be a compromise because the republican bill doesn't have a chance on get through the senate. it will be vetoed by president obama. >> what do we know of the talk of the 20 or 30 day extension? >> reporter: that has been floated out there. obviously you heard from the white house saying they don't want to do that. it does reflect the political reality. a lot of folks don't believe they can make the august 2nd deadline. we are here, less than a week away, and so vastly apart. remember, if anything will come together, it looks like it will be on sunday. it will be some sort of plan that harry reid and john boehner will craft which will be shot through in the dead of the night through both chambers. that was unpopular with the house the last time the government shutdown. that is why you are hearing it. in terms of the august 2nd deadline, there has been some discussion that perhaps the treasury will have money to pay through the end of next week. a lo
harry reid is watching this play out. mitch mcconnell believes there has to be a compromise because the republican bill doesn't have a chance on get through the senate. it will be vetoed by president obama. >> what do we know of the talk of the 20 or 30 day extension? >> reporter: that has been floated out there. obviously you heard from the white house saying they don't want to do that. it does reflect the political reality. a lot of folks don't believe they can make the august 2nd...
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john boehner put a bill to the right of harry reid. >> to the right of harry reid? >> yes, reid's said, we disagree with the president, we will cut spending so we moved it to not if we cut spending, but how much we cut spending and we have moved the debate for however much you want to raise the debt limit, we have to cut spending. harry reid has agreed with that premise. his bill is full of budget gimmicks and accounting tricks, but the premise that we have to cut spending to raise the debt limit has been embraced by both parties and the cuts that john boehner put in his bill were pre-agreed to in this group by democrats. so this is a bill that has spending cuts that were agreed to by democrats. so we believe if we move this to the senate, know that this reid bill cannot pass the senate, this improves the likelihood that will pass the senate. we will see how this plays out. but we think this puts the president and the senate in a difficult position to reject spending cuts we had previously agreed to because we don't like that it's john boehner's bill. or do we sign
john boehner put a bill to the right of harry reid. >> to the right of harry reid? >> yes, reid's said, we disagree with the president, we will cut spending so we moved it to not if we cut spending, but how much we cut spending and we have moved the debate for however much you want to raise the debt limit, we have to cut spending. harry reid has agreed with that premise. his bill is full of budget gimmicks and accounting tricks, but the premise that we have to cut spending to raise...
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not just sticking harry reid a little bit. but as a practical matter, the president obviously needs to be involved here because he has final say so. the two leaders are in the white house, the big white structure behind me, someplace, we don't know exactly where. as far as we know they're still meeting. we do not know if there's a specific proposal that they're discussing among themselves to see not only where the votes are in senate but where the votes are in the house. richard, i don't want to go -- i don't want to go too long, but if the senate does pass something, remember we're talking tuesday midnight before the government runs out of borrowing authority. it's going to have to go back to the house of representatives. and we can assume given all the cal is thennics john boehner had to go through yesterday that they will need democratic support for whatever comes out of the senate. i'm sure that's being discussed with nancy pelosi if there is some deal taking shape. >> we hear that if there's any change to that reid bill t
not just sticking harry reid a little bit. but as a practical matter, the president obviously needs to be involved here because he has final say so. the two leaders are in the white house, the big white structure behind me, someplace, we don't know exactly where. as far as we know they're still meeting. we do not know if there's a specific proposal that they're discussing among themselves to see not only where the votes are in senate but where the votes are in the house. richard, i don't want...